Meta's open-weight Muse Glimmer AI model runs on consumer GPUs, drastically lowering the cost of AI access compared to other massive open-source models. This, combined with a new $1 billion community fund to address NIMBY backlash and electricity concerns, positions Meta favorably in the AI landscape.
NVIDIA is trading below the market multiple, which is fascinating given it is the epicenter of the AI trade. This disconnect suggests potential undervaluation relative to its AI role.